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  • Former financial adviser for NFL players banned from industry by FINRA

    Rand Getlin at not-for-attribution11 mths ago

    Former financial adviser Jinesh “Hodge” Brahmbhatt has been banned by the Financial Industry Regulatory Authority in relation to his participation in an alleged $18 million fraud that ensnared a number of prominent NFL and NBA players, Yahoo Sports has learned.

    Brahmbhatt signed a letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority on Nov. 4 after failing to appear and testify at an August disciplinary proceeding aimed at getting to the bottom of the alleged fraud.

    Brahmbhatt's attorney Alan Futerfas of The Law Offices of Alan S. Futerfas emphasized that Brahmbhatt was banned by FINRA for failing to appear at the August disciplinary proceeding and cautioned against reading any further into that outcome.

    "The FINRA Consent makes clear that the reason for the bar is that Mr. Brahmbhatt 'failed to appear and testify at the disciplinary hearing' of Success Trade. FINRA did not lodge any charges against Mr. Brahmhatt in relation to the Success Trade offering. Any suggestion or implication to the contrary is unfounded."

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